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Walmart To Fund Research Projects On Innovative Manufacturing

March 13, 2014: 12:00 AM EST
Walmart and its philanthropic arm have partnered with big-city mayors to create a manufacturing innovation fund. Walmart said the fund will award grants of $100,000 or more to research and academic institutions, think tanks and other non-profits with ideas for improving the manufacturing process. In the first year, grant awards will focus on innovation in textiles manufacturing and common manufacturing processes that apply to a broad range of consumer goods, including small motor manufacturing and tooling for injection molding, the company said. Partnering with Walmart in the initiative are the Walmart Foundation and the U.S. Conference of Mayors.
"Walmart, Walmart Foundation and the U.S. Conference of Mayors Launch $10 Million U.S. Manufacturing Innovation Fund", Wal-Mart, March 13, 2014, © Wal-Mart Stores, Inc.
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